Stupid Simple (& Effective) Day-Trading Patterns for Beginners
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- Опубликовано: 30 июл 2024
- In day trading, you'll hear A LOT about patterns. And it’s true that as a trader, you need to learn to recognize the best patterns. Today, Tim Bohen has three of the best, simple patterns you should look for.
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Let’s start with a pattern I love as a day trader. You’ll spot this one early in the day - it's called the ‘dip and rip.’ So say you're getting ready for the trading day and you see a stock that’s up early, maybe on news.
So here’s why it’s called the dip and rip ... Right before the market opens, it spikes to a new high of the day, then dips hard into the market open. The beauty of this pattern is that you waiting for strength. You wait for it to reclaim the high of the day. It dips down - then rips back up on a high volume.
Learn this pattern. In my opinion, it’s one of the best and most consistent.
So that’s an early-day pattern ... let’s talk about a pattern you’ll see later in the day. In this case, a stock spikes midday, then consolidates at or around the VWAP hold high-of-day set up. That's your entry.
Remember, you want clearly defined entries and exits. Your entry is that new high of day from the morning's level, and your stop is a VWAP fail. Now, you're probably not gonna sell exactly at the top, but you can see a clearly defined risk versus reward.
The last for today can be great for swing trades and momentum trades. It’s called the ‘weak open red to green.’ This is a stock that spiked big the day before. One reason you should run scans every day is to look for those big gainers. You're looking at this the night before … Markets are closed and you can't trade … But you're making your plan for the next day.
So this is a stock that ran big on news and closed near the high of the day. Then the next day, you're looking for this stock to prove itself and show you that it can continue to run. And the key to that is that red open. So the stock opens before, or below, the previous day's close. Then, soon after the open, it goes green on the day.
That shows you that the buyers are showing up for a second day in a row. It gives you clear entries.
Remember KISS: keep it simple, stupid. Simple setups can be easier to spot and learn. So check out the dip and rip, the VWAP hold high-a-day, and the weak open red to green. I think they are the three patterns that can help you find consistency.
#StocksToTrade #DayTrading #Patterns
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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Have you traded any of these set ups?
What time frame are you using for the VWAP, Rip &Dip example? Thanks in advance.
No, unfortunately at the moment study study study and watch your channel. Don’t feel confident.......yet
Thank you! Good stuff
What is Stocks Trade Software?
Made a few bucks with the Dip n Rip. Watching live charts every day for the other two patterns trying to learn as much as possible and practice risk management.
Literally summed up in 6 in a half minutes what takes Tim Sykes 3 hours to do in his DVDs!! 💥💥💥
seriously
Exactly
My thoughts exactly.
Got to love Tim Sykes tho.. Tim bohen Said he learned from tim sykes years ago. Seems to me Tim Sykes Started the penny stock industry and made it big. But yes Tim bohen Is pretty awsome. Happy i found him (:
@@destiny9446 Tim Sykes gets to be long winded because he's the grand wizard 🪄 😂😂
THANK YOU Tim - this has clarified so much. You're a great teacher!
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
You're right sir, thanks for introducing me to expert Bambi Alex of financial education
Most people don't invest due to ignorance
People are scared of investing because of high rate of scam in the business
There are scammers but real brokers are out there for investors
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Bambi Alex
Thanks Tim. I just started my trial of STT. Amazing amount of info and training available. Very happy so far. Taking lots of notes and re-watching all the videos and training!
This is fenomenal! I love how Tim B. explain entries and exits. That's what everyone needs, short and full educational content videos, straight to the point.
Thank you for sharing these patterns! I have been struggling to find some good patterns, thank you!
Tim, I think this has been one of the best videos youve put out on the YT channel recently. Ive had trouble being able to determine what patterns Id like to try and work with, and these are some great examples. Ive seen WKHS making its moves over the past couple months so that helped "connect the dots" a little better too. Thanks for the vid as always! Much appreciated
Happy to hear it helped!
AMAZING content - Thank you SO SO much! Def. one of my favorite videos! Your videos are SO SO helpful in simplifying all the education I have swirling in my head! Also, Stocks to Trade software ROCKS! Love it! TY :))
Loved the segment... Thanks for the education.Will absolutely check out those patterns.
Thanks Tim, awesome video. Golden nuggets. Really appreciate you sharing the good stuff and not just the fluff.
Thanks Tim this is one of the best videos yet excellent
Just started trading and trying to educate myself. This video was straight forward and easy to understand. Looking forward to applying these techniques in the near future. Thank you!
@The Giants thanks for reaching out. I'll look into the group and I greatly appreciate the offer.
Funny, with your RUclips name being "The Giants" and my channel being mostly for my Philadelphia Eagles vlog, I thought you were calling me a traitor to my team and city!! LOL!! Then I remembered I watched this video and the context of your comment made a lot more sense and I was much less defensive. Funny side not.
Great VDO! I wish I see this VDO before yesterday I bought EMAN it’s gap up from 0.62 to 1.20 when the market open I’m in at 1.20 after that it’s dip and I get scared and finally cut loss at 1.10 after that stocks down to 1.00 and rip to 1.60. Now I will wait to see this pattern again. Thanks Tim
I've traded the dip and rip which I learned from your other videos. I'll be trying these as well now, as soon as they situations arise.
Thanks for the help with easy patterns Tim. I have traded some of these before without knowing it. Great information thank you for taking the time.
Tim! You're awesome. I am really grateful for your videos. I am taking it all in. My goal is to be able to retire comfortably from my day job at 45. My goal right now is to breakeven everytrade. Ive only been trading for 2 months, studying for 4 months. So I don't expect to see any dramatic results. I havent been able to achieve my goal just yet, but I havent blown up my account yet either. Ive been focusing on long trades primarily. I feel like Im leaving a lot of money on the table by not short trading, and not really even looking for short trade position at this point.
awesome patterns, awesome video! Always appreciate the help!
Tim thank you so much for your videos they help out greatly . I’m a fairly new trader and I’m studying for hours daily . I look forward to your next video and can’t wait to join you live .
Great patterns. Just started out trading small caps after reviewing Tim Sykes’ materials. I have observed these patterns before, but this video recaps it so much clearer and how to trade. best part is limited risk for big gains!
Very helpful as usual, appreciate it!
Tim thanks for all the teachings. Saving up to join your Stockstotrade Team this is just the begging there so much to learn.
Helpful video for sure. Great to have to refer back to for study. I have tried the 2pm vwap hold HOD break pattern. Will be trying the other two patterns.
You are by far the best instructor in the trading journey, I am working on my online course and working but sooner or later I will join your challenge. Thank you so much you are humble and generous I like your personality. Keep up the hard work.
just so you know this is the most simple, no nonsense video on patterns that i have ever seen and i have probably seen hundreds of different videos. when other people explain things it is almost impossible for me to understand but the way you, tim explain things paints a clear picture in my mind and actually gives me actionable instructions that i can start applying to my trading. so thank you very much for that. maybe it's because you're also from the midwest that i am able to understand you so well, but anyways i appreciate it. i also have been enjoying the podcast. it's just the right balance of entertainment and informative content. would love to see more videos like this.
We're so glad you enjoyed it! 😁🙌
Thanks for the explanation on the morning dip. I will focus on that
Outstanding patterns! Been struggling trying to read level 2 on dip buys. Leads to trying to force trades.
Love the straightforward delivery - thanks!
THANK YOU. very helpful with clarifying entry points.
Wow, this video explains the patterns with such clarity!! It really helped me understand more. Thanks so much, Tim!
Glad it was helpful! Thanks for the support 👍
Tim, thank you. You are a great explainer.
Thankyou TB.. Very clear and concise.
Thank you for sharing step by step pattern identification!
Thanks for the videos they really help
just got into trends, patterns and indicators. thanks for the vid Tim
👍
Wow tks so much for your advice really helpful checking premarket to trade when market open 👍
thanks for sharing the valuable knowledge you have to us newbies who cant afford to sub to expensive trading programs or platforms. your teachings are explained clear with simplicity. you are appreciated, God Bless You
Keep studying!!!
I Traded PPSI On Friday 12/4/2020 The DIP N RIP around 9:50 ish thanks TIM I watch you on RUclips on my way Home from work when i get out early GREAT STUFF.
Looking forward to see you on this Monday 7/13 (STT). I’m learning about patterns from Sykes and I just getting more on this KISS for beginners. Thanks Bohen.
Excellent Video and under 10-minutes…. making it more digestible ✨👌🏼
I have done the late day VWAP hold HOD break on UNRG (10/3) and MEET (10/4). Positive gain on both but could have gotten in earlier. MEET never got the big late day volume and I didn't wait for it (HOD Break and Volume - THat's your entry). Thanks Tim!
Just learned three patterns I'm going to trade.
Thanks, Tim!
Simple pattern is really the best. But you explain really well. Awesome video...Thank you so much!
Dip n rip is a beautiful pattern I just need to work on waking up early since I’m on the west coast
Hard since I have a night job😕
Same, and if you have time at lunch its close there so you could potentially get two good runs in the day!
Totally feel you dude! I'm on the mid cost 😁 so its not as sharp, but its my number one obstacle.
I like your videos. You are so to the point, thanks Tim... 😊
Over time, trading becomes easier and easier. Thank you so much!)
This was one of my favorite videos.
Great explanation...thanks!
Thank you for this!!! I like the 2pm VWAP HOD the best. Can't seem to get my entry right on Dip n Rips, think the momentum gets me
Super helpful video. I particularly make use of the vwap hold HoD and the dip n rip
THANKS TIM ,I try to follow you as much as possible man , thanks for that info big help its said cant find anyone else to do so , well stay cool Tim keep hunting I love also bud
Great video! Thanks Tim!
Watching this again and again to get these setups drilled into my head.
👍👍👍
Wow…. Love these techniques Tim ! & will use these when I begin trading…. Thanks so much Gary.
💯
I am completely new and just learning not performed any trade yet since I do not know how to use the platform yet. Thanks for explaining the when, how’s and why’s so clear and to the point. Blessings
You can do it! You're welcome
Great educational video. Thanks for sharing this with me.
Very simple yet very effective presentation to understand.
EXCELLENT VIDEO!!!
Yes!! KISS KISS KISS 💋!! I LOVE THOSE SIMPLE PATTERNS. Thx again Tim for another great lesson 🙏💪
Still studying great great video. Thankyou
I love your videos Tim ,
Thank you for sharing these.makes a lot more sense now!
Proper screener is an essential tool for sure!
Dip and rip has been my main strategy. It has worked well for me.
Way more wins than losses: but one hard loss spooked me so here I am 👍
Glad it was helpful!
Thanks Tim for the lessons
Great Video I am learning alot from you and I am a member of the Steady Trade TEam
Thanks for all the information you explain so clear for beginners as me. Blessings!
You're welcome!!
thank you trim for sharing- you are a great instructor
I appreciate that!
Can you please make more videos like this. I used the dip and rip and weak open the last two days, I loved the way it worked out. Yesterday I should have taken my 5% on both dip and rip buys but held to take a 2% and 6% loss, the Red to green I combined with the VWAP hold you discussed and took a 8% win even if I timed it perfect it wasnt much better. Now today I got 12% on the dip and rip with RIOT,
Hi Tim, thank you so much for the great video. I am learning so much from you & appreciate the way you share your knowledge with all of us. If you have a minute, I have a question on pattern #3, Weak Open, Red to Green Day 2. I noticed that the aftermarket on day one & the premarket on day two were pretty tame, not a lot of movement. Is this also an element to look for or is it irrelevant? Is the pattern more have mored credibility without a crazy premarket session? Thank you for your time.
Very good patterns, I really like the VWAP hold high-of-day set up. Can you please explain in detail how you used this pattern but not as a day trade. I would love to see more videos on swing trades like holding a stock for 4 to 5 days. Awesome resources. great leaders do great things...Thank you Sir.
Dip and rip in the am is one of my favorite trades styles along with vwap hold around 2pm to 3pm
New trader here and I watched this video last night and used the VWAP pattern today. Bought at $1.90 and the stock is up to $2,07. This is the first video I’ve ever seen on RUclips that actually made me money! I’m grateful!
Thanks Tim... SteadyTrade 👍
Hey Tim, love the videos,, making a little more sense now. starting to trade part time, but find myself having trouble part time trading while at work. I have STT but don't have access through my work computer. So I miss all premarket scans. In your experience, what are some tips for folks who would like to trade part time but may have a few logistical challenges to successfully trade? Thanks
Thanks Tim!
Thanks Tim
Thank you 📚👍
thank you, sir
Thanks it’s stupid simple explanation that’s the way to go thanks man again got your time
Tim, great to learn the best pattern. I have tried the numerous time on the Dip & Rip pattern. I typically buy at a couple of cents above the high during the pre-market with Buy Stop Order. Is the order type the right approach, or you have other better order type to enter?
Thanks for all
Thanks funny I have been studying and seeing these patterns
Great video!!! Wow
Great Vid, and I will test some out tomorrow. Quick question, on the dip and rip, is there a downside to buying in when it does show a little weakness after the initial bull action, to get a better price, instead of buying at the peak and risking a potential pull back? In other words, waiting until confirmation of strong buy action? Thanks
This video makes so much sense, I've been struggling with entry and exit after studying all the chart patterns and catalyst. Are you viewing the chart as a 1m or 5min?
just learn one pattern to start and perfect that pattern before you learn any other ones and use the one that makes most sense to you don't even look at any other patterns til you learn the single one you want. there's so many patterns you'll just confuse yourself looking at more than one
@@johndegregs1777 that’s some good ass advice
Thank you Tim. Been struggling with focusing on a few patterns. Will focus on just these three patterns.
Awesome video
Very clear explanation.
Glad it was helpful!
Delightfully Delicious 😋 trading brain food. Thank you!! 😀
Great video
Damn. Thank you, Bohen.
Thanks Tim. Let’s see if I can build a very small account with these patterns. I’ll hit up with the updates on how I do a year from now.
Awesome! You got it 👍
Thanks
Setting realistic goals is an essential part of keeping trading in perspective. As a profitable stock trader, you needs to plan your trade, trade your plan and keep you losses to a minimum. Keeping these in mind will greatly increase the odds of succeeding in the market.
Successful trading is all about risk control. Making profitable trades is easy with the right skills.
The stock market is tricky, I get confused a lot. And I’m really scared of making mistakes that’ll cost me money.
@@emiliobarretto9732 Absolutely... get trades in the correct direction right out of the gate, evaluate your trading system, make adjustments, and try again.
@@kelvinjohnson3906 I’ll advise you make adequate research before investing, understanding the fundamentals is the first step to success in the financial market, skills is vital for profitable trades. To avoid losses I’ll advise you invest with a professional brokerage
The stock market has plenty opportunities to earn some payouts.
Great video. I need to know how do u trade some good stocks they never dip and makes higher high and higher low right from get go. They never dip at 9:45 am or later. They just go straight up. How would u catch them and when?
HI, just wondering if you could do a video on paused stocks and stocks halted on circiut breaker?
thanks 👍🏻
very comprehensive video.
Scanning for set ups in the evening is great is there a alert in stacks of trades or outside of it that’s best to use that when we find the stock we’re watching especially in the runners they will let us know when it hits our or near our entry if we don’t have time to sit there and watch it all day?
Hi Tim, Great vid. Just one question. On the Weak open RtG-- It's -spikes on Mon- we missed it. Tue: opens lower than the Mon's close and goes lower, then when it goes green on Tue--that's the Entry risking red again?
'This was very clear. I just finished a year with you. Could you tell me how to make a "1st GD" screener on STT platform. Thank you.
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